《房地产行业重大事项点评最成功的调控方案130304》由会员分享,可在线阅读,更多相关《房地产行业重大事项点评最成功的调控方案130304(12页珍藏版)》请在金锄头文库上搜索。
1、201334010-S1010510120047010-S10105120800082010010-120%()1()()201363020132013201370%547020104201111114121086420-22011 62011 92011 122012 32012 62012 92012 12-4270%70%22008-122009-042009-082009-122010-042010-082010-122011-042011-082011-122012-042012-082012-122013012008012008062008112009042009092010022
2、0100720101220110520111020120320120829.008.007.006.005.004.003.002.001.000.00Wind2012%34,0003,5003,0002,5002,0001,5001,0005000Wind90%5%2012856.22%6.55%920121.125%2009-201120122013201310.525%20%515%7.64/12.54/13.5915%201315%0.4632.9%10.52012221-1230060%2013Wind3.4711.96201030801 0803 0805 0807 0809 08
3、11 0901 0903 0905 0907 0909 0911 1001 1003 1005 1007 1009 1011 1101 1103 1105 1107 1109 1111 1201 1203 1205 1207 1209 1211 130143,0002,5002,0001,5001,0005000540Wind201270605040302010035.0%30.0%25.0%20.0%15.0%10.0%5.0%0.0%470%20%3120%20131999(1999278)200651Q072Q073Q074Q071Q082Q083Q084Q081Q092Q093Q094
4、Q091Q102Q103Q104Q101Q112Q113Q114Q111Q122Q123Q12420%20%-10%1%-3%67S150%D0PPeS0403020100Qt Qe1.20%2.63.4.5/201220112010200920081.430.941.270.680.640.770.600.660.540.610.301.901.090.960.951.080.990.710.540.450.420.270.413.081.571.131.341.371.150.930.730.440.540.490.612.251.611.230.981.070.890.830.570.4
5、40.670.370.970.750.610.820.880.760.690.460.561.931.191.040.990.980.970.780.690.500.490.480.450.430.430.250.340.580.390.390.320.280.310.400.420.380.350.290.400.250.390.220.380.360.290.290.290.160.200.400.260.220.270.300.160.240.220.230.230.300.200.230.130.150.14169014477212011201120112011201120112011
6、2010201120112011201120112011201120112011201020112011201120112011201121232219224312231102212321731182820203030191915128181912510202862142421215112120112011201120112011201120112011201120112011222222332321224151125255122102120112011201120112011201153333313143182314482010201120118/11892428121/220%5%1133
7、5553312520%130%20%10%5%120%3201399200520062007200820092010201120122013E19.8%23.0%30.4%21.0%25.1%26.2%27.9%16.3%19.5%45.1%11.5%25.1%-14.7%43.6%10.6%4.4%1.8%11.0%16.7%6.3%14.8%-1.7%23.2%7.5%6.5%8.1%5.0%69.4%18.5%43.5%-16.1%76.9%18.9%11.1%10.0%16.6%Wind10-Analyst CertificationiiiThe analysts primarily
8、responsible for the preparation of all or part of the research report contained herein hereby certify that: (i)the views expressed in this research report accurately reflect the personal views of each such analyst about the subject securities and issuers; and (ii)no part of the analysts compensation
9、 was, is, or will be directly or indirectly, related to the specific recommendations or views expressed in thisresearch report.“”/()(1)(2)/2013130020%63005%20%263006300300300300300300-10% 5%10%10%-10% 10%10%481568811001252220012251804826Foreign Broker-Dealer Disclosures for Distributing to the U.S.T
10、his report has been produced in its entirety by CITIC Securities Limited Company (“CITIC Securities”, regulated by the China SecuritiesRegulatory Commission. Securities Business License Number: Z20374000). This report is being distributed in the United States by CITIC Securitiespursuant to Rule 15a-6(a) (2) under the U.S. Securities Exchange Act of 1934 exclusively to “major U.S. institutional investors” as defined in Rule 15a-6and the SEC no-action letters thereunder.“”Z203740001934“”15a-6(a) (2)15a-6